Benzinga | Nov 16, 2021 11:23AM EST

Earnings Preview: Shoe Carnival

Shoe Carnival (NASDAQ:SCVL) is set to give its latest quarterly earnings report on Wednesday, 2021-11-17. Here's what investors need to know before the announcement.

Analysts estimate that Shoe Carnival will likely report an Earnings Per Share (EPS) of $1.15

Shoe Carnival bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat on EPS by 116.90%, which was followed by a 0.69% drop in the share price the next day.

Here's a look at Shoe Carnival's past performance and the resulting price change:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 0.71 0.70 0.26 0.35EPS Actual 1.54 1.51 0.26 0.52Price Change % -0.69% 1.68% 6.0% 2.1%

Stock Performance

Shares of Shoe Carnival were trading at $42.09 as of November 15. Over the last 52-week period, shares are up 139.14%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

If you want to track all upcoming earnings announcements, check out our Earnings Calendar here